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Jun 15, 2013
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we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has done nothing. as far as i understand -- >> this blows my mind. this is so not jonathan. what did you have in your cheerios this morning, jonathan? this is so not you! come on, now! this is snooping. this is the kind of stuff that people like you are supposed to hate. if you want to gather intelligence, tell me. eric is right. i should have signed on the dotted line that said hey, you'll be protected. we've got this cable going from new jersey to virginia. >> let me read this to you. i've got to do this. i carry this in my pocket every single day. it's not a prop. it's the u.s. constitution, f
we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan...
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Jun 21, 2013
06/13
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
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Jun 22, 2013
06/13
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we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a danger of sitting back and letting the government decide? >> one of the legitimate functions of government is protecting us from external enemies and the constitution was written by framers who understood that governments that protect you can abuse you. take it out on the government. rich hit on something. if the company has in writing a certain order or request, and the statute is cited, the company is obligged to do it. if you don't like the law change the law. >> we want to stop the bad guys. companies can stop the government saying we are getting a ton of lawsuits on our doorsteps and in india, they are allowing tax officials with access to google and facebook data. >> the irs is different. >> india is pressuring to have government officials on-site at research in motio
we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a danger of sitting back and letting the government decide? >> one of the legitimate functions of government is protecting us from external enemies and the constitution was...
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Jun 19, 2013
06/13
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calendar's worked against him, all three of these candles coming together as they have, plus the anemic economy have undermined people's confidence in his credibility and integrity. 45 approve, 57 disapprove. the lowest, 34/64, the previous low was in august of 2011. strong leader, 52-48. it's the lowest since january 2012. and the lowest of his entire term was 48-52. managing the government effective i lrks 47-53, the lowest since september 2011, and not a typical politician, lowest in office. when he came into office, it was 63-36. >> i suppose his trip overseas, he had to go to the g-8, it does have the appearance of getting out of dodge. he doesn't realize all these numbers are sinking in, he needs to talk to us, he needs to come back to talk to the american people. bad timing, though. >> the g-8 from his perspective was at an unfortunate time. this has all been happening, and he squandered the weeks leading into this, we've known about the -- some of these things for going on three and four and five weeks, benghazi obviously longer than that, the irs scandal, the ap records, the leaks and
calendar's worked against him, all three of these candles coming together as they have, plus the anemic economy have undermined people's confidence in his credibility and integrity. 45 approve, 57 disapprove. the lowest, 34/64, the previous low was in august of 2011. strong leader, 52-48. it's the lowest since january 2012. and the lowest of his entire term was 48-52. managing the government effective i lrks 47-53, the lowest since september 2011, and not a typical politician, lowest in office....
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Jun 21, 2013
06/13
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we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the fed. they wore if he takes his foot off the gas pedal. who knows what will happen to the stack mark. you have too -- the stock market. you have to be invest elfed. the only thing to give you enough oomph to get you through retirement, putting the kids in scamp it's essential. >> jimmy there are so
we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the...
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Jun 15, 2013
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economy. >> i do. you know, i think we have lost a lot of the privacy around purchasing data already. and people are comfortable with that. you know, you buy something on the internet. jonas buys a dog toy on the internet, and then all of a sudden he's saying ads for kibbles pop up. that's because they're coming through your purchasing data and they're suggesting ads to you. we've already gotten comfortable with some level of losing that privacy there. when you think about encryption, i think there could be a really strong boom in the crytion services. there are a lot of companies already starting to do this. this is what american ingenuity looks like. we see a problem, we find a way to fix it. >> john, do you think this will impact the economy for the good or bad? >> i don't think it's going to be negligible either way. facebook had a lot of problem with beacon. that was sharing users' data with advertisers so they could target certain users. that really hurt them for a time being. they got o
economy. >> i do. you know, i think we have lost a lot of the privacy around purchasing data already. and people are comfortable with that. you know, you buy something on the internet. jonas buys a dog toy on the internet, and then all of a sudden he's saying ads for kibbles pop up. that's because they're coming through your purchasing data and they're suggesting ads to you. we've already gotten comfortable with some level of losing that privacy there. when you think about encryption, i...
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Jun 21, 2013
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and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence will be admissible during this trial. phil keating is live in miami. this hearing focuses on that 911 call we heard so much. in that call we hear the gunshot, right? >> right. this is potentially decisive expert testimony money that can persuade this jury to go guilty or not guilty. whether it's george zimmerman's voice or trayvon martin's voice screaming in the audio tape. even saying quote, i'm begging you. but the defense has its own experts saying it's zimmerman yelling. experts say it's impossible to tell given the quality of the tape. >> 911, do you need police or medi
and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence...
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Jun 20, 2013
06/13
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the economy is anemic. he spends his time talking about global warming and things that are not consequential to americans. this guy is just simply doesn't think we have a budget problem coming. he doesn't think we have an entitlement bust coming. he thinks everything is fine. let's find more tax revenues and more money to spend. those are -- this is very dangerous territory. you're starting to get up there with 64% in the nose bleed territory when it comes to a negative. i think we're likely to see unless the president finds a way to set the record straight on things like the nsa, and benghazi and the irs scandal, i think that we're going see a continued d e ed dimunition of numbers. people are beginning to open their eyes as to how is he handling, take these fun and games away, take all the enthusiasm and charm and celebrity, how is he doing on big issues like the economy, foreign affairs and the deficit. those numbers are not good. >> sean: do you see a path to righting that ship? >> well, i think he's go
the economy is anemic. he spends his time talking about global warming and things that are not consequential to americans. this guy is just simply doesn't think we have a budget problem coming. he doesn't think we have an entitlement bust coming. he thinks everything is fine. let's find more tax revenues and more money to spend. those are -- this is very dangerous territory. you're starting to get up there with 64% in the nose bleed territory when it comes to a negative. i think we're likely to...
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Jun 22, 2013
06/13
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the reason why and what it means for the economy at-large. that's up next. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. folks have suffered from frequent heartburn but now, thanks to treating with prilosec otc, we don't have to suffer like they used to. [ bell dings ] ♪ [ horse whinnies ] getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. we've surcome a long way. ♪ [ le announcer ] one pill each morning. 24 hours. zero heartburn. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. >>> time for a quick check
the reason why and what it means for the economy at-large. that's up next. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger....
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Jun 19, 2013
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. i'to guard their manhood with trnew depend shields and guards. the discreet protection that's just for guys. now, it's your turn. get my training tips at guardyourmanhood.com her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ >> shepard: hours after the president's administration announced it was set is to start direct talks with the taliban, the taliban claimed responsibility for an attack on our base in afghanistan which killed four of our american troops. a taliban spokesman said insurgents fired two rockets not base located out of kabul. bagram airbase. yesterday afghan police say members of the taliban killed five officers at a security outpost in sou
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. i'to guard their manhood with trnew depend shields and guards. the discreet protection that's just for guys. now, it's your turn. get my training tips at guardyourmanhood.com her long day of pick ups and...
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Jun 20, 2013
06/13
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he saved the economy. now he is in the process of mapping the economy. you look at the second part, managing is harder than saving because you can do different things rather than one thing. so the market feels uncertain about this. natural for it to be uncertain. in the risk off, risk on world, when they're not sure, they stop everything. >> neil: you were around during the '87 market crash and crashettes. before and after. what do you watch for for something that overstays its welcome? in other words, just vote of keeps going on and -- just kind of keeps going on and on. >> you see if you missed something. this artificial economy, interest rates are out of whack. they're killing all kinds of investors, starting with retirees. so how long it lasts is how long it takes for all of these people to look further into the numbers, and come up with something that satisfied or at least making -- >> that gets to the question on how high should interest rates really be. some say if the fed were to just quit riding the apron strings for us, that maybe they wouldn't
he saved the economy. now he is in the process of mapping the economy. you look at the second part, managing is harder than saving because you can do different things rather than one thing. so the market feels uncertain about this. natural for it to be uncertain. in the risk off, risk on world, when they're not sure, they stop everything. >> neil: you were around during the '87 market crash and crashettes. before and after. what do you watch for for something that overstays its welcome?...
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Jun 22, 2013
06/13
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it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor, the attorney general, comptroller's office, if you have a problem it will say let's work it out and try to help you succeed rather as in new york, attorney general's, job who seems to be hire and sue -- hammer and sue businesses. it is a completely different environment. it is not saying that they don't have regulation in texas. we have to comply but not an adversarial relationship as it is in the blue states. >> jerry brown, governor of california, seemed to resent this. took the perry -- they had a paid public kind of flap about it. new york governor c
it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor,...
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Jun 19, 2013
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but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of a presidential order. mike emanuel tells us some people want to turn the tables on the tax man. >> reporter: on the west lawn of the capitol, more than a thousand tea party supporters and allies in congress called for the irs to be audited after conservative groups seeking tax exempt status received extra scrutiny. >> for targets of the irs, time to reverse it and target the irs. we're going to do it by dismantling the irs piece by piece. we are going to throw it overboard like a box of british tea. >> reporter: lois lerner, the irs official on paid leave after refusing to resign took heat for her role in targ
but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of...
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Jun 15, 2013
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when the economy improved, we always saw those levels retreat and go back down. this time it is not happening. no entitlements. do you think there is a political motive here with the far left which now control the white house and most of congress that they are actively trying to lock people into this government dependency to lock in a permanent democratic majority? >> i think that conclusion can be easily reached. because for one thing, to your point about usually when we see an economy move beyond the recession, we see these programs recede with them. we've seen almost a million additional households on food stamps in the course of the past year. that is unheard of, unthinkable. in terms of a dependency motive for this administration for the left that is represented by the democratic party in washington, i think that's entirely possible. but as troubling is that the right, the republican party has not come up with intelligence sustainable, effective solutions in response to what they see as the motivation and the program of this president. >> that's a huge probl
when the economy improved, we always saw those levels retreat and go back down. this time it is not happening. no entitlements. do you think there is a political motive here with the far left which now control the white house and most of congress that they are actively trying to lock people into this government dependency to lock in a permanent democratic majority? >> i think that conclusion can be easily reached. because for one thing, to your point about usually when we see an economy...
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Jun 15, 2013
06/13
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we have essentially a fascist economy, jonathan is promoting you need to get big. that wrong. big government, big business and big labor and they are all in cahoots. verizon didn't do this on their own. government leases that line. they provided the financing to verizon. the government and verizon is hand and glove. government and g.e. are hand and glove and five banks control 60% of banking assets. everybody is too big. >> verizon has done nothing. you are dumping on verizon. they have done actually nothing. wayne, want a small phone company. great, put two tin cans together. it's not going to serve anyone. >> oh, please! you are shooting off your mouth about something you do not know. >> eric: hold on. jonathan says verizon has done nothing but as far as i understand, it's meta data. >> what did you have in your ceel yar this morning. this is so not ui. this is snooping. this is the kind of stuff people are supposed to hated. if you want to gather -- i sign the do the ted line, we got this fiber thing going from new jersey and virginia. we want you to know about that. nobody
we have essentially a fascist economy, jonathan is promoting you need to get big. that wrong. big government, big business and big labor and they are all in cahoots. verizon didn't do this on their own. government leases that line. they provided the financing to verizon. the government and verizon is hand and glove. government and g.e. are hand and glove and five banks control 60% of banking assets. everybody is too big. >> verizon has done nothing. you are dumping on verizon. they have...
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Jun 20, 2013
06/13
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market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying, okay, we acknowledge we're sort of printing money but we think weeing pull that money back when the time comes. and that's not the issue. the hirsh here, number one, this is a market overreaction to what bernanke, the chairman of the fed, actually said yesterday. he did not say we're going to stop this program. he didn't even -- the program didn't even change. these were in the nuances of the wording that suggested the program might begin to be curtailed sooner than expects and on the markets we're seeing some profit-taking, some selling. analysts have been predicting this would happen a while, 5 or 10 correction. and
market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying,...
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Jun 17, 2013
06/13
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with a terrible economy at home and new dangers abroad, president obama seemed so beatable. but romney didn't know what obama knew. >> all right. listen. let's use this one. >> obama's team had use the advantages of incumbency, time and money to create something new in politics. >> sort of created the perfect political corporation. >> sasha eisen berg literally wrote the book. by char nsa programmin nsacha a campaign made a profile of every single persuadable voter in the country and then with experiments borrowed from behavioral psychology they targeted people with personalized messages and coaxed them to the polls. >> voters are the guinea pigs. >> this was developed in this plain looking washington, d.c. office building home to the labor giant the afl-cio. inside a secret entity called the analyst institute. >> a consortium of liberal groups, parties, campaign and consultants designed to do science and help democrats win the election. >> a political manhattan project with the goal of developing superweapons. it was first seen in a michigan governor race six years guy. a c
with a terrible economy at home and new dangers abroad, president obama seemed so beatable. but romney didn't know what obama knew. >> all right. listen. let's use this one. >> obama's team had use the advantages of incumbency, time and money to create something new in politics. >> sort of created the perfect political corporation. >> sasha eisen berg literally wrote the book. by char nsa programmin nsacha a campaign made a profile of every single persuadable voter in...
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Jun 22, 2013
06/13
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it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will join us live. >> gregg: immigration reform is debates the turn in spotlight. next week on capitol hill, but can u.s. scenarios behind the bill actually gin up enough support for its passage. elizabeth plann has the story live from d.c. bureau. >> the immigration reform bill starting to take shape in the senate while republicans in the house continue to form what they think is a solution. just as the president says it's a pathway to provide citizenship for folks that wanted to come here and stay here legally while bringing relief to a struggling economy. >> this b
it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will...
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Jun 18, 2013
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but senator marco rubio a key figure says immigration reform would help our economy boost the american workers and also be good for our taxpayers. let's take a closer look at the congressional budget office numbers it would reduce deficits almost $200 billion the first decade, cut the deficit almost $700 billion the second decade. and boost economic growth. gdp 3.3% by 20 it 3. here is a democrat involved in this effort's instant reaction. >> the report proves once and for all that immigration reform is not only the right thick to do to stay true to our nation's principles, it will also boost our economy, reduce the deficit, and create jobs. immigration reform should be a priority of progressives and conservatives alike. >> on the house side of the capital, the senate plan is not very popular with conservatives. today house speaker john boehner tried to reassure his rank and file. >> any immigration reform bill that is going to go into law ought to have a majority of both parties support if we're really serious about making that happen. i don't see any way of bringing immigration bill
but senator marco rubio a key figure says immigration reform would help our economy boost the american workers and also be good for our taxpayers. let's take a closer look at the congressional budget office numbers it would reduce deficits almost $200 billion the first decade, cut the deficit almost $700 billion the second decade. and boost economic growth. gdp 3.3% by 20 it 3. here is a democrat involved in this effort's instant reaction. >> the report proves once and for all that...
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Jun 16, 2013
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the airline charging $2 for coffee, tea, soft drinks and juice for customers in economy class. that fee starts july 1st. over at united airlines a new offer for unlimited checked bags for one year at a cost of $349. >> you get a year's worth of free checked bags. if you are flying a lot it might be able to help you out. >> southwest and jet blue remain the only airlines offering a free checked bag. southwest allows passengers to check in two pounds bags in for free. again as long as it weighs under 50 pounds. >> shannon: that is why where i get in trouble. you are out there, what can i take out of that bag and put in that bag. it's going to cost me. [ laughter ] >>> thank you. >> shannon: already contentious debate is getting hotter. this time about healthcare and whether illegal immigrants should have access to free services paid for by your tax dollars. a free fair and balanced debate on that. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ stewart ] this is the kind of food i love to cook. i'm very excited about making the shrimp and lobster pot pie. we've never cooked anything like this
the airline charging $2 for coffee, tea, soft drinks and juice for customers in economy class. that fee starts july 1st. over at united airlines a new offer for unlimited checked bags for one year at a cost of $349. >> you get a year's worth of free checked bags. if you are flying a lot it might be able to help you out. >> southwest and jet blue remain the only airlines offering a free checked bag. southwest allows passengers to check in two pounds bags in for free. again as long as...
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Jun 23, 2013
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their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're right on the danger point for outbreak of inflation. that's what a fed chief has to be concerned about. the thing chiefs often have to do is raise rates in a way it doesn't blow up the force of whatever recovery is going on, but in time to prevent inflation. once the inflation jeannie is out of the bottle, it is hard to put it back in. last big experience we had with that was with near hyperinflation in the late 1970s, and massive recession was in duesed when paul volcker clamped down on that, raised interest rates to the point we wen
their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're...
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if the economy continues to improve. peter barnes with the news live in washington. that's a stupid reaction, peter. >> well, shep, the feds said that it could be getting ready to scale back the easy money policies that wall street really likes. it's been using them for the last five years to help keep the economic recovery going after the great recession. and for starters, it said it could slow its controversial 2.5 trillion-dollar bond buying program known as quantitative easing. basically printing new money. qe has helped keep interest rates low foruto loans business ratings. the feds said it could start buying fewer bonds if the economy gets better and that unemployment rate keeps falling and then maybe it could stop qe all together next year if the rate gets close to 7%. >> the 7, 6.5, these are guide posts that tell you how we are going to be shifting the mix of our tools as we try to land is ship on a, you know, on a smooth -- in a smooth way into the -- unto the aircraft carrier. >> so just the idea that easy money could be ending soon, spooked investigators
if the economy continues to improve. peter barnes with the news live in washington. that's a stupid reaction, peter. >> well, shep, the feds said that it could be getting ready to scale back the easy money policies that wall street really likes. it's been using them for the last five years to help keep the economic recovery going after the great recession. and for starters, it said it could slow its controversial 2.5 trillion-dollar bond buying program known as quantitative easing....
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> to nearly half of america, mitt rommy's half, election night 2012 came as a shock with a terrible economy at home and new dangers abroad, president obama seemed so beatable. but rommy didn't know what obama knew. obama's team used the advantages of incumbency, time and money to create something new in politics. >> created the perfect political corporation. >> sasha aisenberg literally wrote the book on this new science of political campai campaigning. by harnessing data like your tv viewing habits, your social media network, voting history, the obama campaign made a virtual profile of every single persuadable voter in the country. then with experiments borrowed from behavioral psychology, they targeted people with personalized messages and coaxed them to the polls. >> these are like drug trials for politics where the voters are the guinea pigs. >> this was developed in this plain-looking washington, d.c. office building home to the afl-cio. inside is the analyst institute. >> a consortium of liberal groups, parties, campaign and consultants designed to do science and help democrats win th
> to nearly half of america, mitt rommy's half, election night 2012 came as a shock with a terrible economy at home and new dangers abroad, president obama seemed so beatable. but rommy didn't know what obama knew. obama's team used the advantages of incumbency, time and money to create something new in politics. >> created the perfect political corporation. >> sasha aisenberg literally wrote the book on this new science of political campai campaigning. by harnessing data like...
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broadly aligned with current expectations of the economy we would continue to reduce the pace of purchases in measured steps ending purchases around mid year. >> explicitly ending the bond buying program around the middle of next year. that would come -- after that the subsequent hieblg in interest rates that's expected in 2015. that is what has people nervous. >> stocks reacting badly. >> take a look at the dow. the dow tumbled 206 points at the closing bell. we saw bond yields rise. topping 2.3 percent of the highest in 15 months. the worst performing stocks yesterday were those that trade similar to bonds like telecom as well as utilities. >> hopefully we will see a bounce back. f futures are looking terrible. asian stock selling off europe is lower. future is here for the dow. 91 points. >> thanks debbie downer, lauren simonetti. >> when interest rates go up people who save money will make money. >> true. thanks so much lauren. solid evidence twa flight 800 was shot down by a missile. now the investigation may be reopened. >>> another breaking story overnight police are now saying new
broadly aligned with current expectations of the economy we would continue to reduce the pace of purchases in measured steps ending purchases around mid year. >> explicitly ending the bond buying program around the middle of next year. that would come -- after that the subsequent hieblg in interest rates that's expected in 2015. that is what has people nervous. >> stocks reacting badly. >> take a look at the dow. the dow tumbled 206 points at the closing bell. we saw bond...
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with a terrible economy at home and new dangers abroad, president obama seemed so beatable. but romney didn't know what obama knew. >> all right. listen. let's use this one. >> obama's team had use the advantages of incumbency, time and money to create something new in politics. >> sort of created the perfect political corporation. >> sasha eisen berg literally wrote the book. by char nsa programmin nsacha a campaign made a profile of every single persuadable voter in the country and then with experiments borrowed from behavioral psychology they targeted people with personalized messages and coaxed them to the polls. >> voters are the guinea pigs. >> this was developed in this plain looking washington, d.c. office building home to the labor giant the afl-cio. inside a secret entity called the analyst institute. >> a consortium of liberal groups, parties, campaign and consultants designed to do science and help democrats win the election. >> a political manhattan project with the goal of developing superweapons. it was first seen in a michigan governor race six years guy. a c
with a terrible economy at home and new dangers abroad, president obama seemed so beatable. but romney didn't know what obama knew. >> all right. listen. let's use this one. >> obama's team had use the advantages of incumbency, time and money to create something new in politics. >> sort of created the perfect political corporation. >> sasha eisen berg literally wrote the book. by char nsa programmin nsacha a campaign made a profile of every single persuadable voter in...
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economy not turning around either. >> now to the irs. new trouble tonight. new allegations of former irs director steve miller was up to his eyeball plotting a coverup. >> good to see you, greta. >> explain where does the former director of the irs fits into the scheme to minimize, keep the lid on what happened, what is ultimately exposed at the irs. >> according to testimony given to congressional investigators, holly paz, lois lerner's assistant. ms. lerner knew about it at least as early as mid-2011, when according to the inspector general's report when she was briefed on it and essentially said we have to change these things. >> so they ruled out this phony thing, where lois lerner went to this aba meeting and got some woman lawyer, essentially her patsy to ask her a phony question, and the phony question was about the targeting, and this is all in anticipation of the report coming out in a few days and that sort of plot was also according to ms. paz, was hatched by the director of the irs? >> well, we don't know those -- we don't know those specifics. w
economy not turning around either. >> now to the irs. new trouble tonight. new allegations of former irs director steve miller was up to his eyeball plotting a coverup. >> good to see you, greta. >> explain where does the former director of the irs fits into the scheme to minimize, keep the lid on what happened, what is ultimately exposed at the irs. >> according to testimony given to congressional investigators, holly paz, lois lerner's assistant. ms. lerner knew about...
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and the economy's not turning around. >> nice to see you. >> thank you. >> the irs. there is more trouble. new allegations that steve miller was up to his eyeballs in trying to keep the ugly details of the targeting from you, going to far as to plot a coverup. we have a washington times reporter here. >> good to see you. >> explain to me where the former director of the irs fits into the scheme of minimizing or keeping the lid on what happened, what was exposed at the irs. >> well, according to testimony given to the congressional investigators by holly paz, essentially, lois lerner's deputy at the irs in washington, miss lerner and mr. miller had discussed some sort of plan to roll out the unfolding irs scandal. miss lerner knew about it at least as early at mid 2011 when according to the inspector general's report, when she was briefed on it and essentially said, we have to change these things. >> so they rolled out this phony thing where lois lerner went to the aba meeting and got a woman lawyer, who is essentially her patsy to ask fer a phony question and that ph
and the economy's not turning around. >> nice to see you. >> thank you. >> the irs. there is more trouble. new allegations that steve miller was up to his eyeballs in trying to keep the ugly details of the targeting from you, going to far as to plot a coverup. we have a washington times reporter here. >> good to see you. >> explain to me where the former director of the irs fits into the scheme of minimizing or keeping the lid on what happened, what was exposed at...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behi
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by...
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our trade and commerce is the engine of our global economy. our values call upon us to care about the lives of people we'll never meet. when europe and america lead with our hopes instead our fears, we do things no other nations can do. no other nations will do. so we have to lift up our eyes today and consider the day of peace with justice that our generation wants for this world. bill: where else do you speak about freedom than at the intersection of come anything and democracy in the heart of berlin. the headline will be this. the president calling for a further reduction of nuclear arms and that is the intent of the speech at the brandenburg gate. martha has more. martha: today back in washington tea partyers are taking on the irs in d.c. they are not backing down. this is video in 2010. remember those huge tea party turnouts? we were promised action on the irs. they want to know why lois lerner is still on paid leave. bill: waits an accident or something more sinister. what caused this plane to go down several years ago. martha: the tea p
our trade and commerce is the engine of our global economy. our values call upon us to care about the lives of people we'll never meet. when europe and america lead with our hopes instead our fears, we do things no other nations can do. no other nations will do. so we have to lift up our eyes today and consider the day of peace with justice that our generation wants for this world. bill: where else do you speak about freedom than at the intersection of come anything and democracy in the heart...
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>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea party supporters hitting back at washington. >> anybody want to fire some irs agents? bill: that 15 minutes senator rand paul. he wants people fired. we'll ask him who's talking about when we talk to him live this hour. martha: is an nfl start focus of a murder investigation? he has been accused of another act of violence. bill: two men who investigated twa flight 800 ... >> i saw what appeared to be keep in fireworks. >> i noticed a streak of light go up in the sky. >> there was something going up in the sky. >> this rocket weren't up in the air. >> i saw this white light. >>
>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea...
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it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern europe. america is different than mideastern europe. this is a good solution for our national security and for our economy and tough, practical solution to 11 million. and most importantly if we do this bill, amnesty is the status quo. if we do this bill, there will be no third wave of illegal immigration. >> let me ask you about another objection senator lee just mentioned. the idea that this will be a huge 1200-page bill. i heard you complain about that during obamacare. the idea you have this huge bill that nobody has read
it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern...
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there is a lot on the plates of the american people and the economy still very sluggish. i'm curious. why do you think the irs has not resonated? >> i'm not talking about at the beginning. at the beginning, a massive point of discussion and a lot of people very upset in both parties, as they should be. over the last three or four days, not really talked about by the liberal media nbcs, abcs, cc cbss, i'm not talking about it. >> how do you grade congress in oversight of the irs and the president in his response to the irs scandal? >> they are making a response. a strong response, but, again, the issue is not the same issue we had two weeks ago, fwreta. you know that as well as anybody. you are talking about it, sean hannity talking about it, bill talking about it. but a lot of people aren't and a lot of people incensed have given up the issue. and i'm surprised they have given it up. >> which matters more to you, when have you a discussion around the dinner table. which is more concern, the nsa discussion or benghazi at this point or journalists? >> they are so big. bengh
there is a lot on the plates of the american people and the economy still very sluggish. i'm curious. why do you think the irs has not resonated? >> i'm not talking about at the beginning. at the beginning, a massive point of discussion and a lot of people very upset in both parties, as they should be. over the last three or four days, not really talked about by the liberal media nbcs, abcs, cc cbss, i'm not talking about it. >> how do you grade congress in oversight of the irs and...
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this is detroit's economy. this is not just for minoritties in the pockets of the neighborhoods. this is detroit, a major american city. reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime lending scheme and they closed the industrial base and took those plants to cheap labor markets and that took the guts out of detroit. that is a big deal. now you have a no chain stores and no grocery stores and it is abandonment. and these are americans and we need a plan for restaulization to offset the impact. long- term low interest loans and we cannot abandon these citizens. we can bail out iraq, we could bail out american cities and we must. >> a food chain desert. i had not put it that way. >> there is not one food chain there. and there's not one drug store chain there. only one car dealership
this is detroit's economy. this is not just for minoritties in the pockets of the neighborhoods. this is detroit, a major american city. reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. úkúñy]/;o@=swoñofpwgpñÑ @>g74/w?xoóçpnooowvúéñi/ 7k [ dog ] we found it together.upbeat ] on a walk, walk, walk. love to walk. yeah, we found that wonderful thing. and you smiled. and threw it. and i decided i would never, ever leave it anywhere. because that wonderful, bouncy, roll-arod thing... had made you play. and that... had made you smile. [ announcer ] beneful. play. it's good for you. might not get you off your couch, but there's not a creature on earth that can resist this. >>> live from america's news headquarters, i'm marianne raferity. >>> the black forest fire blamed for two deaths, destroying 400 homes in the colorado springs area. tens of thousands had to evacuate. some people allowed back friday. the wildfire 30% contained,
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. úkúñy]/;o@=swoñofpwgpñÑ @>g74/w?xoóçpnooowvúéñi/ 7k [ dog ] we found it together.upbeat ] on a walk, walk, walk. love to walk. yeah, we found that wonderful thing. and you...
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the economy is going to continue to lift off. i think by november of 2014 the democrats are going to to be in a very strong position. the only way we move social in this country is by taking principle stands and sometimes have you to take a short-term political hit to move the country forward. >> speaking of honesty and trustworthiness, we just got fox news polls in moments ago which we'll bring you shortly. wow. this is not good news for the white house. gentlemen, thank you both so much. >>> we recently brought you the powerful story of the phoenix police officers who went beyond the call of duty for a 5-year-old girl. look at this picture. who lost her police officer dad to a hit-and-run driver. up next, a new twist as we learn the illegal immigrant accused of killing her father could now get special protection. we'll tell you why that is. >>> wait until you see what happened with the teenage fisherman who came face to face with a rare breed of shark and decided to go for a joy ride. all that as we have a former vice president
the economy is going to continue to lift off. i think by november of 2014 the democrats are going to to be in a very strong position. the only way we move social in this country is by taking principle stands and sometimes have you to take a short-term political hit to move the country forward. >> speaking of honesty and trustworthiness, we just got fox news polls in moments ago which we'll bring you shortly. wow. this is not good news for the white house. gentlemen, thank you both so...
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they're against it on the economy. they're against it in terms of their protection in civil liberties. this is a new moment in american politics. >> let me just say, gregg, doug a democrat with bill clinton, pat with a democrat with a lot of people going back to jimmy carter and i'm a conservative republican. we've come together realizing what we share is that the political machine in america is completely corrupt and completely -- >> it's broken. >> and it has to be changed. >> by people throwing it all out. >> ben rhodes, an assistant national security advisor, not technically nsa, only reportable to the president who actually broke the news about syria and it wasn't much news. gentlemen, thank you very much. our political insiders, you can catch them every monday at 10:30 a.m. eastern live. they'll of course be back here next sunday. also, follow them on twitter. heather. >>> well, did you forget to grab dad a gift this father's day? it's not too late. coming up, we will tell you about the perfect gift that is guara
they're against it on the economy. they're against it in terms of their protection in civil liberties. this is a new moment in american politics. >> let me just say, gregg, doug a democrat with bill clinton, pat with a democrat with a lot of people going back to jimmy carter and i'm a conservative republican. we've come together realizing what we share is that the political machine in america is completely corrupt and completely -- >> it's broken. >> and it has to be changed....
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. male announcer ] [ male announcer ] where do you from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ thto fight chronic. osteoarthritis pain. can help you do what you do... even better. to fight chronic low back pain. to take action. to take the next step. today, y will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, ev
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. male announcer ] [ male announcer...
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we're not talking about immigration or the economy or climate change or anything that people actually want to focus on. we're talking about issues like this that are definitelydistrac. >> the irs is hiring thousands of new agents to oversee obamacare. so if you don't like what they've done with conservative groups, you're really not going to like what they do with obamacare. >> arthel: i have to leave it there because i'm out of time. so i don't know if cal is waiting for to you give me one more analogy, but you didn't. so whatever your viewpoint, it was entertaining and i do appreciate your time, cal thomas and christy. we'll see you again soon, i'm sure. >> great to be here. >> rick: a new york priest preparing to take a group of youngsters to world youth day in brazil. that's where pope francis chris will welcome millions of catholics from all overt -- over the world. he's selling good conscience. now more. >> the priest of holy family church in the bronks gives new meaning to the phrase, man of the cloth. he's funding a trip to brazil to see the pope for world youth day. >> it's i
we're not talking about immigration or the economy or climate change or anything that people actually want to focus on. we're talking about issues like this that are definitelydistrac. >> the irs is hiring thousands of new agents to oversee obamacare. so if you don't like what they've done with conservative groups, you're really not going to like what they do with obamacare. >> arthel: i have to leave it there because i'm out of time. so i don't know if cal is waiting for to you...
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njust being a traitor he would be abetting the economy. >> you can make a case releasing all of this stuff make its harder for the nsa to track terrorist. >> i thought someone was trying to restrain you. nprobably someone else in the audience. >> bang, zoom. >> i can arrange a meeting with you and bill can set a meeting you and bill and you could pick his brain about some stuff. >> yeah, sure. that would be a dream. >> i don't think that dave was hanging on bill's every word. >> when have i ever been wrong? >> you think dave buried a hatchet because he realized bill is right about most things? >> i think he was just being positi polite. >> a lot of kindness, handholding. >> a little later we'll sing kumbaya. >> some intelligent points about the nsa. >> yeah. it's kind of common knowledge really. >> you can't really say i want to read the e-mail of everyone in iowa, you can't do that. >> you know, that's not a bad idea. all right. >> really delivering the goods tonight. >> made a lot of assertions and seemed really confident. >> when you are that right all the time, it's easy to be co
njust being a traitor he would be abetting the economy. >> you can make a case releasing all of this stuff make its harder for the nsa to track terrorist. >> i thought someone was trying to restrain you. nprobably someone else in the audience. >> bang, zoom. >> i can arrange a meeting with you and bill can set a meeting you and bill and you could pick his brain about some stuff. >> yeah, sure. that would be a dream. >> i don't think that dave was hanging on...
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it is the world's second largest economy. it is a fact and this sounds familiar for all of us in the united states, they have a shadow banking system there. just thinks of trillions of dollars of loans, that are shams built on a foundation of lies. the central bank has essentially created a liquidity crunch. it is hard to borrow money in china and that has investors worried about keeping growth in china is difficult. that's the reason you saw the selloff here in the united states. >> we reported on the volatileitty. it was the 10th day in the past month in which the dow moved more than 200 points in one session. prior to that it happen four times in one year. >> the bank and lenders and uncle sam were not the only players in the stock market collapse. bombshell e-mails reportedly she how two credit rating agency exchanged cash in green lights for risky practices that got us in this mess. it is a report in rolling stone magazine. they rate the credit of the big cooper rayings of the country and united states and anything that
it is the world's second largest economy. it is a fact and this sounds familiar for all of us in the united states, they have a shadow banking system there. just thinks of trillions of dollars of loans, that are shams built on a foundation of lies. the central bank has essentially created a liquidity crunch. it is hard to borrow money in china and that has investors worried about keeping growth in china is difficult. that's the reason you saw the selloff here in the united states. >> we...
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economy, and the markets are reacting. the dow down 187 points right now. fox business network's peter barnes is live in washington. we're back under 15,000, peter. >> reporter: yeah, jon. the markets are reeling after bernanke signaled the beginning of the end of the easy money policies the fed has been using since the financial crisis five years ago. for starters, bernanke said the fed could start to slow its bond-buying program known as quantitative easing later this year as long as the economy keeps growing and unemployment falls. so far the fed has bought $2.5 trillion in bonds to help push down interest rates. in a note to clients today, renaissance macro research said, quote: we suspect markets are significantly overreacting to the prospect of backing away from these bond purchases, so-called tapering. they've been convinced they need the fed's training wheels, so they're nervous about losing them. rbc capital markets said today, quote: one of the big surprises in the bernanke press conference was that the chairman did not attempt to walk back the re
economy, and the markets are reacting. the dow down 187 points right now. fox business network's peter barnes is live in washington. we're back under 15,000, peter. >> reporter: yeah, jon. the markets are reeling after bernanke signaled the beginning of the end of the easy money policies the fed has been using since the financial crisis five years ago. for starters, bernanke said the fed could start to slow its bond-buying program known as quantitative easing later this year as long as...
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Jun 23, 2013
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thisy say there needs to be a clean economy, but others say it could crush the economy. some say it is like west virginia, arkansas and alaska and could kill american jobs. not to mention the timing with all of the security issues facing our country right now. let's talk about it with our digital politics editor who is here live and he hales from west virginia. >> this is a true fact. west virginia's economy has been so devastated already by the restrictions on coal that this administration has put into place. another round of it is for folks back home would be pretty hard to imagine. it is hard to deal with. >> i am a little baffled by this speech. i believe it will be at georgetown university in washington. i believe the president has rolled out his policy before. >> the president has a lot of problems these days. one of them -- arguably the biggest is his base is very upset about this domestic surveillance stuff. they really don't like it. climate is a sop for them. even if the transition to green energy doesn't take place. there are two layers. the part that is an op
thisy say there needs to be a clean economy, but others say it could crush the economy. some say it is like west virginia, arkansas and alaska and could kill american jobs. not to mention the timing with all of the security issues facing our country right now. let's talk about it with our digital politics editor who is here live and he hales from west virginia. >> this is a true fact. west virginia's economy has been so devastated already by the restrictions on coal that this...
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Jun 21, 2013
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i think that you'd have to see something happening much bigger in the overall economy, say inflation spikes higher or interest rates for other reasons climb higher. i don't think that's likely. >> reporter: interest rates aside, experts say the housing market is on track for recovery. during the recession new home construction dropped by about half. now thanks to supply and demand, the market is expected to improve if -- and this is the if -- the general economy doesn't suffer serious setbacks. jenna: we'll see. david lee, thank you. jon: well, president obama getting out of dodge, taking an extended trip overseas at a time when his administration is surrounded by scandals. but his hopes for a warm reception like he received in 2008 not exactly going the way he might have wished. our news watch panel weighs in on the media reaction at home and abroad. ♪ ♪ jon: it seems europe's enthusiasm for our president might not exactly be what it used to be. the crowds in berlin a lot smaller this time around now that he has a record as president compared with his visit as a candidate back i
i think that you'd have to see something happening much bigger in the overall economy, say inflation spikes higher or interest rates for other reasons climb higher. i don't think that's likely. >> reporter: interest rates aside, experts say the housing market is on track for recovery. during the recession new home construction dropped by about half. now thanks to supply and demand, the market is expected to improve if -- and this is the if -- the general economy doesn't suffer serious...